Maryland HOA reserve study requirements (2026)
Reserve study every 5 years; mandatory funding at the study-recommended level since Oct. 1, 2025.
Quick facts
What the law actually requires
Maryland regulates condominiums at Real Property § 11-109.2 (reserve funding) and § 11-109.4 (reserve study), and homeowners associations at the parallel § 11B-112.2 and § 11B-112.3. Each governing body must have an updated reserve study conducted within 5 years after the date of the prior study and at least every 5 years thereafter (§ 11-109.4(c)-(d); § 11B-112.3(c)-(d)), prepared by a person meeting the qualifications set out in § 11-109.4(e) or § 11B-112.3(e).
For fiscal years beginning on or after October 1, 2025 (HB 292, Chapter 519, Laws of Maryland 2025), the reserve contribution in the annual budget shall be the funding amount recommended in the most recent reserve study, deposited in the reserve account on or before the last day of each fiscal year (§ 11-109.2(c)(1); § 11B-112.2(d)(1)). An association may attain the level recommended in its initial reserve study over the 5 fiscal years following that study (§ 11-109.2(c)(2); § 11B-112.2(d)(2)), and the governing body may deviate on a two-thirds majority vote finding financial hardship, under the conditions in § 11-109.2(c)(3) or § 11B-112.2(d)(3).
The homeowners association provisions apply where the total repair or replacement cost of the covered components is at least $10,000 (§ 11B-112.3(b)(1)(ii)).
How ReserveDeck handles Maryland
When a property's compliance jurisdiction is set to Maryland, ReserveDeck's report prints the Md. § 11-109.2 / 11B-112.2 requirements described above on its Disclosures page and states the study cycle in the cover letter. The reserve math is the same in every state.
ReserveDeck does not reproduce a state's statutory disclosure form; it provides the reserve figures a board needs to complete one (reserve requirement, percent funded, multi-year projections, and the funding plans).
Built-in Maryland compliance.
Select Md. § 11-109.2 / 11B-112.2 from the Compliance Jurisdiction dropdown and ReserveDeck's PDF builder produces the right disclosure format automatically. Engine math is identical across jurisdictions — only the deliverable changes.
Frequently asked questions — Maryland
How often does a Maryland HOA need a reserve study?
An updated reserve study is required within 5 years after the date of the prior study, and at least every 5 years thereafter, under § 11-109.4 (condominiums) or § 11B-112.3 (homeowners associations).
Is Maryland's reserve funding level mandatory?
Yes, for fiscal years beginning on or after October 1, 2025. The reserve contribution in the annual budget must be the funding amount recommended in the most recent reserve study, deposited by the last day of the fiscal year (§ 11-109.2(c)(1); § 11B-112.2(d)(1)), subject to a 5-fiscal-year phase-in for an initial study and a two-thirds-vote hardship deviation.
Who can prepare a Maryland reserve study?
A person who has prepared, or has participated in preparing while employed by a firm that prepares reserve studies, at least 30 reserve studies within the prior 3 calendar years; or who holds a current license from the State Board of Architects or the State Board for Professional Engineers; or who is currently designated a Reserve Specialist by the Community Associations Institute or a Professional Reserve Analyst by the Association of Professional Reserve Analysts (§ 11-109.4(e)(1); § 11B-112.3(e)(1)).
Are Maryland reserve studies waivable by owners?
No. §§ 11-109.2, 11-109.4, 11B-112.2, and 11B-112.3 are mandatory. Neither the study cycle nor the funding requirement can be waived by owner vote; the only statutory deviation is the governing body's two-thirds-vote hardship procedure.